26.7 C
Ho Chi Minh City
Thursday, July 18, 2024



A brighter credit market outlook

The prospects for the credit market are improving, backed by low lending rates and economic recovery. The dormant real estate market is expected to get a fresh boost from three new laws that will take effect in early August. Still in troubled waters In the year to June 24, 2024, credit in the banking system had expanded by 4.45%, or a monthly average of 0.73%, according to the General Statistics Office. However, this growth began gathering speed in March 2024. The first two months of the year saw outstanding loans falling compared to the previous month and the end of 2023. Major sectors like real estate and construction, which account for a majority of outstanding loans, have performed poorly due to low capital absorption and credit demand. On the sidelines of a recent finance conference, Pham Nhu Anh, CEO of MB Bank, said that in the real estate sector, there are four types of lending – home loans, industrial real estate development loans, residential development project loans and tourism real estate loans. But commercial banks are finding it hard to lend to three of them, he noted. For home loans, Anh said, demand was woefully low in the first half […]
To read more, please click here.

Fiscal policy – tight or expansionary?

In an interview with The Saigon Times, Dr. Nguyen Quoc Viet, deputy director of the Vietnam Institute for Economic and Policy Research (VEPR), discusses...

Growth beats all expectations

The economy in the second quarter of this year showed positive signs of recovery although exchange rate and inflation risks will remain in the...

Growth drivers in Q2

The second quarter of 2024 saw Vietnam attaining higher-than-expected economic growth. What fueled this strong recovery? Q2 growth drivers Having grown by 5.66% in the first...

The market yet to break through

After a week of constant correction, the VN-Index of the Hochiminh Stock Exchange briefly crossed the psychological support level of 1,250 points, and ended...

Seeking alternatives to river sand

Addressing the severe shortage of sand for infrastructure projects has become an urgent global priority, presenting significant challenges for Vietnam and other regions worldwide. Rising...

Biting nails

The draft of the amended Law on Value Added Tax, in which the 0% value added tax (VAT) for services provided to non-tariff and...

Does the pay raise lift quality of life?

The recent increase in salaries and allowances has brought joy to tens of millions of people in Vietnam. However, whether the quality of life...

Credit growth trajectory

The credit growth trajectory in the first six months of this year shows many similarities to the same period of last year, characterized by...

Latest news

This category can only be viewed by members. To view this category, sign up by purchasing Premium Year or Premium 30.